SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the execution of a non-binding indicative proposal to acquire all of the shares in GBST Holdings Limited (ASX: GBT) at a price of A$3.25 cash per share or approximately A$221 million equivalent to approximately US$155 million. SS&C and GBST have also entered into certain exclusivity arrangements, subject to the customary fiduciary exceptions for GBST. No assurances can be given as to the transaction between SS&C and GBST being consummated or the terms of such transaction.

GBST is a specialist financial technology company which provides administration and transaction processing software for retail wealth management organizations and global and regional investment banks.

Please refer to GBST's press release dated July 1, 2019, for more information on the proposal.

About SS&C Technologies

SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.